How to Check TDS Deduction Amount Online
Learn how to check your TDS deductions through the online tax portal in India easily and quickly.
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Yes, you can easily check how much TDS (Tax Deducted at Source) is deducted. You can do this through the online tax filing portal in your country. For instance, in India, you can log into the Income Tax e-Filing portal, navigate to the 'View Form 26AS' section, and download the statement. This document will show the TDS details deducted against your PAN number.
FAQs & Answers
- What is TDS? TDS, or Tax Deducted at Source, is a means of collecting income tax in India, where the tax is deducted at the source of income, such as salaries, payments to contractors, and interest income.
- How can I check my TDS details online? You can check your TDS details online by logging into the Income Tax e-Filing portal, navigating to the 'View Form 26AS' section, and downloading your TDS statement associated with your PAN.
- What is Form 26AS? Form 26AS is a consolidated tax statement that provides details of tax deducted on behalf of a taxpayer by deductors and tax collected by collectors, along with other tax-related information.
- Why is it important to check TDS deductions? Checking TDS deductions is important to ensure accurate tax payments and to verify that the correct amount of tax has been deducted, which can impact your overall tax liability.